Practical and Practice issues for Professionals who practice in the area of taxation. Moral, social and economic issues relating to taxes, including international issues, the U.S. Internal Revenue Code, state tax issues, etc. Not for "tax protestor" issues, which should be posted in the "tax protestor" forum above. The advice or opinion given herein should not be relied on for any purpose whatsoever. Also examines cookie-cutter deals that have no economic substance but exist only to generate losses, as marketed by everybody from solo practitioner tax lawyers to the major accounting firms.

"Not only is the IRS barred from charging PTIN fees to tax preparers in the future, the Court also ordered that the IRS has to provide "a full refund of all PTIN fees paid." The Court specifically referenced a refund to the "class" since the suit was brought as a class action suit. The class consists of "all individuals and entities who have paid an initial and/or renewal fee for a PTIN"

...why is anyone in this [losthorizons] community paying the least attention to...'Larry Williams' [Famspear], or other purveyors of disinformation from...quatloos? – Pete Hendrickson, former inmate 15406-039, Fed’l Bureau of Prisons

The decision was handed down on June 1 in the U.S. District Court for the District of Columbia. Twenty-two page opinion.

...why is anyone in this [losthorizons] community paying the least attention to...'Larry Williams' [Famspear], or other purveyors of disinformation from...quatloos? – Pete Hendrickson, former inmate 15406-039, Fed’l Bureau of Prisons

Allegedly, there are about 700,000 people affected. If only half of those people paid the fees for the entire seven years, the U.S. Treasury would be looking at refunds of about $145,600,000 (i.e., about $416 per person x 700,000 x 50% = $145,600,000). I suspect that more than half of the 700,000 have been practicing for the past seven years, so the amount could well be higher than that.

This is assuming that the Court is going to make the Treasury refund all the amounts, all the way back to the beginning. I don't know what the decision will be on that.

...why is anyone in this [losthorizons] community paying the least attention to...'Larry Williams' [Famspear], or other purveyors of disinformation from...quatloos? – Pete Hendrickson, former inmate 15406-039, Fed’l Bureau of Prisons

OK, I won't be retiring in Costa Rica. I'll be retiring in Dime Box, Texas.

...why is anyone in this [losthorizons] community paying the least attention to...'Larry Williams' [Famspear], or other purveyors of disinformation from...quatloos? – Pete Hendrickson, former inmate 15406-039, Fed’l Bureau of Prisons

...why is anyone in this [losthorizons] community paying the least attention to...'Larry Williams' [Famspear], or other purveyors of disinformation from...quatloos? – Pete Hendrickson, former inmate 15406-039, Fed’l Bureau of Prisons

Maybe I won't retire in Hell, Michigan. Maybe I'll just drive through there some time.

You haven't lived until you've been through Hell.

...why is anyone in this [losthorizons] community paying the least attention to...'Larry Williams' [Famspear], or other purveyors of disinformation from...quatloos? – Pete Hendrickson, former inmate 15406-039, Fed’l Bureau of Prisons